Cleantech venture capital investment dives 33 percent
2012 saw a 33 percent decline in investment in cleantech startups.
We knew it was bad. But this is pretty bad.
Global venture capital investment in cleantech plunged 33 percent in 2012 to $6.46 billion, according to new data released by the Cleantech Group.
“Weak IPO exits, political uncertainty, global macroeconomic stagnation, and fierce competition all played a role in dampening investor enthusiasm for the space in 2012,” said Sheeraz Haji, CEO of Cleantech Group and GreenOrder, in a release.
Of the total, 46 percent of all cleantech investment or $2.3 billion landed in California, the highest percentage of any state. The biofuels and biochemicals industry accounted for the largest percentage of investment by any sector, raking in 952 million in 53 deals.
Read a longer analysis of Cleantech Group's report here.
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